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Create a Rewards Program

This tutorial guides you through creating a new rewards program for Morpho Vaults or Markets using Merkl, the current standard for reward distribution.

Prerequisites

Before creating a rewards program, ensure you have:

  • A clear incentive strategy (what behavior do you want to encourage?)
  • Reward tokens ready for distribution
  • Knowledge of target Morpho Markets or Vaults
  • A wallet with funds to deposit reward tokens
  • Understanding of Reward Program Types

Overview: Merkl for Rewards Programs

Merkl is the standard distribution system for Morpho rewards. It provides:

  • Automated Distribution: Rewards calculated and distributed every 8 hours
  • Flexible Configuration: Target specific markets, vaults, or user groups
  • Multi-Chain Support: Works across all chains where Morpho is deployed
  • Transparent Tracking: Real-time visibility into reward distribution

Creating a Program via Merkl

Merkl provides a user-friendly interface for creating reward campaigns. The process differs slightly between Vault and Market programs.

Jump on the studio

https://studio.merkl.xyz/create-campaign/lend

Select Morpho as protocol

Merkl Studio

Fill the inputs as per Merkl doc

Next Steps